Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1887-10-20
DUN'S REVIEW
A Less Favorable Report this
Week Than Last.


review Of trade say:
In spite OF many favorable conditions
noted last week prices do not advance.
The treasury added $4,000 900 to the
circulation in September, and has added
about 81, 900, 900 since, and the Balti-
more & Ohio has been ratified, and the
Reading reorganization ensured. and
prices of stocks fell on Wednesday to
an average of 2S.77 per share the low
est since April and May 1886, and ex-
cepting few weeks then, the lowest
for two years. Wheat has lost every
advance since September rs. Corn for
fortnight past and oats for a month
past have occasionally risen, only to
recede again. Cotton has declined 5 of
a cent during the month and pork 81
per barrel, Oil is higher, but transac-
lions are insi gnifcant. Coal is stronger
because of strike, but iron and steel
are lower. The elaborate statements
of.exchanges for the past year and a
quarter only concea the fact that Of
late, exchanges have been falling behind
those of last year. First at New York
aud then at other chief cities and New
England manufacturing towns. In
short the theory that more money IN
Sures prosperity comes to grief again.
More than S1O7, 900, 900 have been
added to the circulation within the past
fourteen months, but the speculation
this stimulated has brought much harm
and clouded the future with doubts.
While great activity and expansion are
witnessed in some branches Of business.
others exhibit symptoms of reaction.
Steel nails are again lower. Sales were
made last week for s34 spring de
livery, and some makers are urging a
general stoppage of works. Pig irc,n
No l foundry, continues scarce. DE.
cause Of the i4ehigh coal strike. but
lower quotations come for grey forge
and also for bar iron Encn,iraqipo.
statement OF exports IN September
show that OF breadstufs, cotton. prov
islons, oil and cattle, the value was lirnc
per cent greater than in l $50. Il large
decrease appears in VIII eat, but note
worthy increase in -four. Cattle and
pork exports decrease one half, and
there is some less in butter, cheese and
oil, but again Of Sc, $40, O0O exports of
cotton. This months exports from
New York show gain of g. ner cent
against an increase of te n ner cent in
imports. Exchange las advanced this
week because Of La. ee sales of stocks
on foreign accop. at, and the controlling
question in TIE money market now is
whether TIE passing of dividend by
the Baltimore & Ohio and other events
will SO discourage foreign holders of Sc
curities as to cause extensive selling.
But 81, 100, 600 more gold arrived
Thursday.
Interior reports are unif ormly more
favorable, though tight money and slow
collections are still reported from some
points. The pressure is in most cases
less severe, and collections rather bet
ter. In Texas where the cotton crop
is said to be ten per cent below last
year $, failures are more numerous and
many traders are requesting lndulgences
but east of the Mississippi money is
generally easier. AT the south a par
tial failure of crops is as yet hardly
recognized as cause of disturbance
In the northwest if the actual losses of
farmers are as large as the October
bureau report would indicate, however,
some shrinkage in the value of business
must result. The dry goods trade,
though rather less active, has been
fairly satisfactory in volume, with
prices we'll maintained, though print
cloths are shade lower. The shrink
age in wool manufacturers appears in
reported sales of wool at Boston. which
were y, 900, 900 pounds for three
months ending October /, against fifty
eight million pounds for the same
months last year, but supplies on hand
at the beginning of the period may OK
plain part of the decrease The boot
and shoe business is active and health
and the leather market at last imp row
es La some localities at the west.
where real estate speculation began
early last fail mortgages begin tt ipen.
and prices are no longer ms intaiGed
while bankers decline loans or real o.
tate securities, but the building of rail
roads aud new towns ard manufactur-
ing centers still continues